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Waging an economic war against the Islamic State

Mon, Jan 02, 2017 - 5:50 AM

Thick black smoke rising from the Qayyara oilfields, a blaze set by Islamic State fighters south of Mosul, Iraq, on Dec 9.

PHOTO: NYTIMES

Washington

THE Islamic State starts the new year with a drastically depleted bank account, counterterrorism officials say, following months of intensified efforts to deprive the Islamists of oil profits and other revenue used to finance military operations and terrorists attacks abroad.